Atlantic Trust Group LLC decreased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,747 shares of the industrial products company’s stock after selling 2,027 shares during the quarter. Atlantic Trust Group LLC’s holdings in W.W. Grainger were worth $3,023,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GWW. Harfst & Associates Inc. bought a new stake in shares of W.W. Grainger in the first quarter worth $116,000. Salem Investment Counselors Inc. bought a new stake in shares of W.W. Grainger in the first quarter worth $138,000. NEXT Financial Group Inc grew its stake in shares of W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 203 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of W.W. Grainger by 18,650.0% in the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 746 shares during the last quarter. Finally, Enterprise Financial Services Corp grew its stake in shares of W.W. Grainger by 80.8% in the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 403 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

W.W. Grainger, Inc. (GWW) opened at 164.97 on Friday. The company has a market cap of $9.52 billion, a PE ratio of 19.02 and a beta of 0.74. The stock’s 50 day moving average is $164.27 and its 200-day moving average is $193.04. W.W. Grainger, Inc. has a 52-week low of $155.00 and a 52-week high of $262.71.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.09. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.89 EPS. Equities research analysts predict that W.W. Grainger, Inc. will post $10.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Thursday, August 10th. W.W. Grainger’s payout ratio is 59.12%.

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Several analysts recently weighed in on GWW shares. J P Morgan Chase & Co started coverage on shares of W.W. Grainger in a research note on Friday, June 2nd. They issued a “neutral” rating and a $180.00 price objective on the stock. Credit Suisse Group reissued an “underperform” rating and issued a $150.00 price objective (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. BidaskClub raised shares of W.W. Grainger from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada reissued a “sell” rating and issued a $145.00 price objective on shares of W.W. Grainger in a research note on Wednesday. Finally, BMO Capital Markets reissued a “hold” rating and issued a $198.00 price objective on shares of W.W. Grainger in a research note on Thursday, May 25th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $179.42.

About W.W. Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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